Cement News tagged under: HL Cement
HL Cement (Malaysia) extends closing date for takeover09 July 2019, Published under Cement NewsHL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it owned 103.02m shares or 85.04 per cent. |
Hong Leong Asia looks to complete Tasek Corp takeover29 May 2019, Published under Cement NewsSingapore-listed Hong Leong Asia is looking to take Malaysia’s Tasek Corp private in a deal worth an estimated MYR128.61m (US$30.6m), according to The Edge. The company currently controls 80.8 per cent of Tasek through two subsidiaries, HL Cement (Malaysia) and Ridge Star, and has submitted a voluntary takeover offer to acquire the remaining shares. Together, the subsidiaries hold 97.89m ordinary shares in Tasek, with the takeover involving the remaining 19.2 per cent of ordinary shares ... |
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